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Wrestling Payments - Patty Presta Talks Payments and Protecting the Vulnerable

Patty Presta Talks Payments and Protecting the Vulnerable

Wrestling Payments

04/18/24 • 29 min

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Episode Summary
Welcome to our 25 Episode.
Before we get to the official description, this was such an enjoyable episode to record and catch up with an old "Ring" veteran. What started out as a catch-up session, turned into an amazing valuable episode, check below for some resource links.

In this episode of Wrestling Payments, host Joe Casali welcomes Patty Presta, AAP, NCP, the Director of Education at NEACH. Patty shares her unique journey from aspiring to be a nurse to becoming a pivotal figure in the payments industry. Her transition highlights the unexpected paths that lead to rewarding careers in finance.

Patty and Joe discuss critical topics like elder abuse and human trafficking. They emphasize the importance of education and vigilance within financial institutions to prevent exploitation. Patty’s experiences from teaching to working on the front lines against financial crimes offer invaluable insights into the evolving challenges in payments.

The conversation also covers the evolution of payment systems, from direct deposits to modern AI and P2P technologies. Patty's return to NEACH marks a full circle, bringing her expertise back to where her journey in payments began. This episode sheds light on the ongoing fight against financial crime and the importance of continuous learning in the payments industry.

Guest-at-a-Glance
Patty Presta, AAP, NCP, Director of Education NEACH
Over 20 years in payments, passionate about elder and financial abuse education.
LinkedIn

Key Insights
The Unplanned Journey into Payments

Patty’s career path serves as a fascinating example of how life can take unexpected turns. Originally aspiring to be a nurse, Patty’s journey into the payments industry began with a temporary job that unexpectedly evolved into a significant role in education within NEACH. This story highlights the unpredictable nature of career paths and the importance of being open to new opportunities. Patty's transition from a secretary tasked with web development to becoming a pivotal figure in payments training underscores the role of adaptability and learning on the job in achieving professional success.

Addressing Elder Abuse and Human Trafficking in the Financial Sector

Patty brings to light the critical issues of elder abuse and human trafficking, underscoring the financial industry's role in combating these problems. With a deep-seated passion for protecting the vulnerable, she has dedicated a significant part of her career to educating financial institutions on recognizing and preventing financial exploitation. Patty’s work in creating awareness and training materials for detecting signs of abuse and trafficking within financial transactions reveals the power of education and vigilance in making a difference. This insight underscores the importance of the financial sector's proactive engagement in societal issues.

Links
https://polarisproject.org/
https://www.thorn.org/

04/18/24 • 29 min

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Wrestling Payments - Patty Presta Talks Payments and Protecting the Vulnerable

Transcript

NEACH - Wrestling Payments - Patty Presta Talks Payments and Protecting the Vulnerable

[00:00:00] There's a section that's just for FIs. To look for, right? and Demi Moore and Ashton Kutcher created Thorn. And, that actually goes towards the online, like Craigslist they had a link that you could purchase Craigslist and, a bed page. Those are all shut down, but what they do is they go after the online, advertisement for that stuff.

So we have to educate. Everybody, right, all fro

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